Freelance-focused fintech Archie has launched its first product to help businesses onboard, manage and pay independent workers.
The new US fintech, based in New York City, has also raised $4.5 million of funding from B Capital Group, Mac Ventures, Worklife Ventures, Hof VC, Dash Fund, Day One Ventures, Behance founder Scott Belsky and other company founders.
Archie’s first product is a “seamless collaboration hub” that enables businesses to manage, pay and monitor freelancers, covering everything from onboarding and contracts to payroll and tax.
Up and running since April 2021 before its general release this week, the product has grown to more than $15 million in payment volume run-rate, up eight times since July last year alone.
Commenting on the launch, Yunas Reguero, co-founder of Archie, said: “We’re building the onramp for both sides to unlock the magic of the freelance world. With all these new and decentralised ways of both working and earning, we are excited to bridge that gap and accelerate trends in freelance hiring.”